# Rover Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rover-group

- Industry: Internet
- Headquarters: Olympia, US
- Website: www.rover.com
- Total disclosed funding: $266M
- Latest round: Series G (May 11, 2018)
- Investors on record: 17

## About

Founded in 2011 and based in Washington, US, Rover Group Inc., formerly known as A Place for Rover, Inc., operates as a provider of an online platform that connects pet owners to nearby pet sitters and dog walkers across the US, Canada, the UK, and Europe. Aaron Easterly, Greg Gottesman, and Philip Kimmey co-founded the company and have raised eleven venture funding rounds from private equity investors, including Madrona Venture Group, OMERS Ventures, and Spark Capital. In March 2017, the firm acquired Dog Vacay, Inc.
In July 2021, Nebula Caravel Acquisition Corp., a special purpose acquisition company (SPAC) backed by True Wind Capital, alongside other unspecified investors acquired the company for approximately USD 240 million in cash. The firm was renamed Rover Group Inc., post-merger. As of September 2020, the company is led by Aaron Easterly, as its CEO, and it offers services in Canada, Germany, Spain, France, Italy, Netherlands, Norway, Sweden, and the US, and UK. The firm trades on NASDAQ, under the ticker symbols ROVR, and ROVRW.

Rover Group Inc.’s web development team offers an online platform that enables pet owners to find and hire animal care providers for daycare, boarding, grooming, and walking pets. The users can also offer contractual pet-sitting services through the web application.

The company’s revenue is generated through partnerships with pet-sitting contractors to provide pet care services. For the six months ended June 2021, the company reported a revenue of USD 36.6 million.

## Funding rounds

- Series G, May 11, 2018, $125M — T Rowe Price, TCV, Greenspring Associates, Spark Capital, Winslow Capital Management, Cross Creek, Alpha Partners
- Series F, Jul 3, 2017, $65M — Menlo Ventures, TCV, Madrona Venture Group, Spark Capital, StepStone, Foundry Group, OMERS Ventures, Brockenbrough
- Series E, Sep 16, 2016, $36M — Menlo Ventures, Madrona Venture Group, Foundry Group
- Series D, Mar 6, 2015, $16M — Menlo Ventures, TCV, Madrona Venture Group, Foundry Group, Petco
- Series C, Oct 16, 2014, $0.5M — Sound Ventures
- Series C, Mar 3, 2014, $12M — Menlo Ventures, Madrona Venture Group, Foundry Group, Petco
- Series B, Aug 1, 2013, $3.6M — Madrona Venture Group, Foundry Group, Petco, Tuesday Capital, Rolling Bay Ventures
- Series B, Jan 22, 2013, $6M — Madrona Venture Group, Foundry Group
- Series A, Apr 12, 2012, $1.6M — Madrona Venture Group, Tuesday Capital
- Seed, Dec 1, 2011, $0.3M — Madrona Venture Group

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A, Series B, Series C, Series D, Series E, Series F
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A, Series B
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series B, Series C, Series D, Series E, Series F
- Petco — Series B, Series C, Series D
- Rolling Bay Ventures (https://capitalatlas.ai/funds/rolling-bay-ventures) — Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C, Series D, Series E, Series F
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series C
- TCV (https://capitalatlas.ai/funds/tcv) — Series D, Series F, Series G
- Spark Capital — Series F, Series G
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series F
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series F
- Brockenbrough (https://capitalatlas.ai/funds/brockenbrough) — Series F
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series G
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series G
- Winslow Capital Management (https://capitalatlas.ai/funds/winslow-capital-management) — Series G
- Cross Creek (https://capitalatlas.ai/funds/cross-creek) — Series G
- Alpha Partners (https://capitalatlas.ai/funds/alpha-partners) — Series G